First Bank is one of the leading banks in Nigeria, providing convenient financial services to its customers. They have recently unveiled new loan offers to help customers achieve their financial goals. This article will discuss the new loan offers and how they can benefit you.
What are the new loan offers?
First Bank has introduced two new loan offers, the Personal Loan Against Salary (PLAS) and the FirstAdvance loan. The PLAS is a loan facility offered to customers with their salaries domiciled with First Bank. This loan is designed to help customers meet their financial needs before their next payday.
On the other hand, the FirstAdvance loan is a quick loan facility for up to six months. This loan is available to salary earners with a salary account with First Bank, designed to help customers with emergency financial needs.
How do I apply for the Personal Loan Against Salary (PLAS)?
To apply for a PLAS loan, your salary must be domiciled with First Bank. You can apply for the loan through First Bank’s internet banking platform or by visiting any First Bank branch. The loan is usually approved within 24 hours, and the funds are disbursed into your account.
What are the eligibility criteria for the Personal Loan Against Salary (PLAS)?
To be eligible for a PLAS loan, you must be a salary earner with your salary domiciled with First Bank. You must also have a clean credit history and a good credit score. You are eligible for the loan amount based on your income level and credit score.
How do I apply for the FirstAdvance loan?
To apply for a FirstAdvance loan, you must have a salary account with First Bank. You can apply for the loan through First Bank’s internet banking platform or by visiting any First Bank branch. The loan is usually approved within 24 hours, and the funds are disbursed into your account.
What are the eligibility criteria for the FirstAdvance loan?
To be eligible for a FirstAdvance loan, you must be a salary earner with a salary account with First Bank. You must have a clean credit history and a good credit score. You are eligible for the loan amount based on your income level and credit score.
What are the interest rates for the new loan offers?
The interest rates for the new loan offers vary depending on the loan amount and duration. However, the interest rates are competitive and affordable, making them a good option for customers needing quick cash.
What are the repayment terms for the loans?
The loan repayment terms vary depending on the loan amount and the loan duration. However, customers can repay the loan in installments or a lump sum. The repayment period ranges from one month to six months, depending on the loan offer.
What are the benefits of the new loan offers?
The new loan offers from First Bank come with several benefits, including:
- – Quick approval and disbursement of funds
- – Competitive interest rates
- – Flexible repayment terms
- – No collateral required
- – Easy application process
How can I manage my loans with First Bank?
First Bank provides its customers with an internet banking platform that allows them to manage their loans and other financial transactions. Customers can access the platform through the First Bank website or download the mobile app from their app store.
Is there a penalty for late repayment?
Yes, there is a penalty for late repayment of loans. Customers who fail to repay their loans on time may be charged a penalty fee, which will be added to their outstanding loan balance.
Conclusion
First Bank’s new loan offers are designed to help customers meet their financial needs quickly and easily. The Personal Loan Against Salary (PLAS) and the FirstAdvance loan are both affordable and accessible, making them a good option for customers needing quick cash. To apply for these loans, visit any First Bank branch or apply through the internet banking platform.
62 Responses
I love this. This is more interesting because it is a loan without collateral
This is a welcomed development by First Bank
It would really help in countering some of the economic difficulties
This is fantastic this will really help some Nigerian in this hard economy thanks to first Bank for this great opportunity
Wow I like it this is great,this is what Nigeria need we hope to see more of this God bless naija
This is amazing God bless first bank we hope to see more of this hope other Banks learn and implement
The process Is better now and very easy that take a loan with the possibility of pay on time.
The loan option is good, I just hope the competitive interest rate will really be affordable by their customers.
This is a welcome development. Times are hard and granting loans at interest rates will really go a long way for may people
Well, it’s a nice idea, at least it can help people to meet up against their unforseen circumstances particularly this hardship period
Thumbs 👍 up to first bank for such creative ideas in this economic meltdown.
Let me hurry up and activate my first bank account.
Those those who don’t have first bank account better go and open one in any first bank near you.thanks
This is really nice and getting a loan from the bank directly is better than getting it from loan app because of the the benefits
This is the first time am hearing it that first bank are giving loans to Nigerians, maybe i will try it.
Thanks for the information, I really appreciate first bank for this salary advance loan to met there needs before salary. First bank I love you
Even after unveiling this, will the interest rate put smiles on our faces? Or should I keep quiet 🤫?
Thanks for the insight and information this information is very important to us
Thanks for this insight, it’ll be useful to Nigerians. Information like this saves lives
It a good and nice improvement by the bank, and I believe they should try and do better in their network when every anyone is performing any transactions….
Well, it’s a nice idea, at least it can help people to meet up against their unforseen circumstances particularly this hardship period
i think first bank is the best bank in nigeria currently right now because of how there treat their customer..
Nice offer from first bank they have proven to be trust worthy over the years
They with less network issues
Great loan offers
👍
First Bank is really trying with loan they should make the accessable for everyone.
First Bank is one of the leading banks in Nigeria, providing convenient financial services to its customers. They have recently unveiled new loan offers to help customers achieve
It is a good idea thank u first bank for this wonderful update it all favor me very well
It a good idea for the people of the apex bank , so they can have some loans to cater for their needs and loved once
Those that don’t have first bank account what are you waiting for rush now to any first bank near you
Thanks 🥰 for the info first bank as been doing well here in Nigeria and there customer service is topnotch!
This is really good to know especially now that things are getting hard,it will make it easy in terms of financial hardship and emergency.
Quite informative. First bank is really trying at making getting money a lot easier.
Well nice job by First Bank.
But one thing I must say is that the rate at which people are getting scared to take out loan is at high cause they don’t have enough to pay back.
Cumbered with the high of interest, so how do they cope?
This is really really good news for those of us using first bank and for those of you that is not using firstbank I advised you rush now and open an account with them
Nice one First Bank. I wish other banks follow suit as this will really help the common man achieve major goals if the loan is invested rightly.
Thumps up first bank. This will aid to ease the burden of many. Is there any specific salary level a customer must earn before considered eligible to apply
Wow, lovely work by the first bank , it will really be helpful incase if any emergency situation pop up
Lovely work done by first bank
This is a nice move and am pretty sure good things is going to come forth out of it.
I just hope it’s stress free
This is really really great, thank you for the information top news, keep me posted
This is a good idea from First bank. It will really help salary earners during emergencies.
It was truly helpful information it good help people to know more about where to go and collect a save loan first bank has been the best bank in Nigeria it help student like me so it very healthy am happy they are bringing of a new app
Thanks for information not everyone want to take a loan scared of being cheated
Thumbs up first bank this opportunity will be so helpful to so many people
Thumbs up to first bank they are always known as one of the best bank in the world
This is nice it will help most students I mean 75percent of the students who are not able to meet up for a specific am of money to settle some bills
Wow nice effort from first bank. They are really trying alot in helping their customers in whatever way they can. Kudos to them
This is so nice of them, this will help a lot of students and Salary Earners.They did a good job 👍
First bank is one of the best bank in Nigeria, being there for ages an still in existence and doing great things which is what they do
Thank you for the Update, I pray it should be real…
Because in majority cases is never easy and true
Thanks to first bank this will really help someone does not even need collateral before u could borrow money
First bank has been in existence for so many years doing this for there customers it’s a good idea,Am impressed with this because so many salary earner need a thing like this.
platform or by visiting any First Bank branch. The loan is usually approved within 24 hours, and the funds are disbursed into your account
The benefits of the First Bank new loan offers make loan application and access easy, particularly for the small business owners.
Lol loans to banks are good but what Dey leave in for us what is not ideal Ôff. Some of them use their houses car’s business to stand as a return for losns
First made good decision that would help their customers…it also good repayment method and you can also repay installmentally..I love it…All you need to do is just open an account with first bank and get a chance to enjoy all of this.
These loan offers are great opportunities for small business owners needs to meet their financial. With the relaxed conditions and terms, accessing the offers are easy. I will surely check them out.
Firstbank actually has done well with the PLAS and The First advane loan.It will really help a lot of struggling families.
Nice and helpful of first bank to come up with
Love the part where no collateral is involved
This is a really Good idea, there is no collaterals, people will easily obtain, this is really cool
It’s also a good development for the first Bank in which people that are living near and far can be able to access or use the first Bank facility especially in the application of quick loans.
This is good idea From first bank ..since there’s no collateral attached..then it is very affordable.. First bank is helpful
First Bank is also a good bank through which one can open or create account with them through the internet platform or one can visit their nearby branches.
First Bank is a good bank, so I believe there won’t be any issues when obtaining loan from them
Well, first bank is a good bank
It’s nice one, it’s good that people can visit First Bank branch or apply through the internet banking platform
More like new way to make money for them like come on first advance loan are you kidding me it has their scheme all written in it when people are struggling you are still looking for ways to make money I laugh
First bank as been the best bank in Nigeria!
Thanks 🥰
For the
Launching of new App that make money borrowing easily and affordable
Thanks. This is really good. They’ve provided a way to earn money when in dire need by their costumer. This act is commendable.